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Home Markets

Crypto-friendly Signature Bank shut down by regulators

News Room by News Room
March 13, 2023
in Markets
Reading Time: 1 min read
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State authorities closed New York-based Signature Bank SBNY on Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis.

All depositors of Signature Bank will be made whole, according to a joint statement by the Department of the Treasury, Federal Reserve and FDIC.

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